Under the agreement, in the first year most SEI’s Global Wealth Platform will take over most of ARIA’s assets under management.

According to SEI, Global Wealth Platform will provide ARIA with a single, scalable and integrated wealth management infrastructure for better managing client portfolios.

The new partnership will enable ARIA to execute its growth strategy and provide clients with enhanced services, including an improved discretionary fund management service and better access to information, via online portfolio valuation tools, claims SEI.

Ryan Hicke, managing director, SEI’s Global Wealth Services UK, commenting on the new partnership said that SEI was quite impressed with ARIA’s highly personalised service with strong focus on long-term relationships, and this, according to Hicke, has been the reason for their success with their private clients.

"Our Global Wealth Services will support the firm’s continuing growth and allow a more simplistic, efficient, and scalable platform for investment processing, as well as enhance their client experience," he added.